Specialty construction contractor company EMCOR (NYSE:EME) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 9.6% year on year to $3.77 billion. On the other hand, the company’s full-year revenue guidance of $16.5 billion at the midpoint came in 4.5% above analysts’ estimates. Its GAAP profit of $6.32 per share was 9.1% above analysts’ consensus estimates.
The head of the world's largest aircraft leasing company, AerCap, said on Wednesday that Russia may look to buy used aircraft or engines if and when its markets reopen but that he saw no rush by Western lessors to resume renting jets. Talks aimed at achieving a ceasefire in Ukraine have raised the prospect of a gradual reopening of Russia to Western firms, though the leasing industry remains scarred by the confiscation of some 400 jets following Moscow's invasion of Ukraine in 2022. Speaking to Reuters after posting record core earnings per share, CEO Aengus Kelly stressed that any business with Russia would have to be approved by the United States and European Union, which continue to impose war-related economic sanctions.
In 2025, Bitcoin (CRYPTO: BTC) has over-promised and under-delivered. After reaching $100,000 in December, Bitcoin looked like a no-brainer option to soar in value this year. No wonder so many investors are looking for a cryptocurrency capable of outperforming Bitcoin.
Food and beverage supplier MGP Ingredients (NASDAQ:MGPI) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 15.9% year on year to $180.8 million. On the other hand, the company’s full-year revenue guidance of $530 million at the midpoint came in 10.6% below analysts’ estimates. Its non-GAAP profit of $1.57 per share was 4.4% above analysts’ consensus estimates.
Construction equipment company Astec (NASDAQ:ASTE) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 6.5% year on year to $359 million. Its non-GAAP profit of $1.19 per share was 63% above analysts’ consensus estimates.
Restaurants are go-to meeting hubs for friends, family, and colleagues. They’re also more insulated from online competition, which has led to a steady demand versus other retail-oriented businesses like department stores. This has been appreciated by the market as the industry was up 8.7% over the past six months compared to 6.5% for the S&P 500.
Alternate site health provider Option Care Health (NASDAQ:OPCH) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 19.7% year on year to $1.35 billion. The company’s full-year revenue guidance of $5.4 billion at the midpoint came in 2.5% above analysts’ estimates. Its non-GAAP profit of $0.44 per share was 21.4% above analysts’ consensus estimates.
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Holding company and industrial conglomerate Icahn (NYSE:IEP) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 11.1% year on year to $2.37 billion. Its GAAP loss of $0.19 per share was significantly below analysts’ consensus estimates.
